Legal

Former Everton Manager Starts Legal Proceedings Against Financial Planner

Robbie Lawther Reporter London October 11, 2017

Former Everton Manager Starts Legal Proceedings Against Financial Planner

The former Everton boss is suing a financial planner over money paid into a pension fund during his time at the club.

Former Glasgow Rangers and Everton Football Club manager Walter Smith is suing a financial planner over money paid into a pension fund during his time as Everton boss, according to the Daily Record.

Smith started legal proceedings against financial planner Neil Caisley at the Court of Session on 4 October.

The former Everton manager was in charge of the club between June 1998 and March 2002.

According to the newswire, Caisley described himself on his LinkedIn page as a financial advisor, and listed ex-footballers and managers as his clients. The Daily Record said the site was altered last week to remove the names of individuals including Smith. Caisley’s LinkedIn page has now been deleted.

The ex-stars included strikers Duncan Ferguson, Andrei Kanchelskis, Ian Wright and Paulo Wanchope, as well as ex-England and Tottenham legend Glenn Hoddle. Former Liverpool manager Gerard Houllier and Stoke City gaffer Mark Hughes were also among his clients.

The Daily Record said that Smith declined to comment on the case, which was listed last week at the court in Edinburgh. The newspaper also said it could not get a comment from Caisley, or the legal firm that brought the case to court, Drummond Miller.

This is not the first person in the footballing world to have issues with a financial advisor. This publication reported in June that former Newcastle United striker Alan Shearer reached a settlement in his claim for negligent advice against an independent financial advisor.

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